Sombre results from chipmakers SK Hynix Inc and Texas Instruments Inc , on the heels of warnings from tech behemoths Samsung and Apple, indicate more gloom for the sector as China's economy slows to its weakest in decades.

STMicroelectronics said it had signed a deal with South Korea's Samsung under which the world's second largest semiconductor-maker will be able to use a technology aimed at producing faster, less energy-hungry chips.

After PSU banks, the government is likely to infuse capital in two chronically ill telecom PSUs BSNL and MTNL, and the Union Cabinet is likely to take a decision on 4G spectrum allocation to them by the third week of the current month after DoT places the note before it for consideration.

At a high-level meeting at the PMO late Tuesday, it was also decided that the two telcos will frame a Voluntary Retirement Scheme (VRS) to reduce their employee strength, which will be followed by a reduction in the retirement age to 58.